French Music Rights Body SACEM Collected Record $1.62B In Royalties in 2023
deadline.comFrance’s Society of Authors, Composers and Publishers of Music (SACEM) has announced a 5% hike year-on-year on the total amount of royalties it collected on behalf of its members in 2023, to bring in unprecedented revenue of $1.62B (€1.487B) for the year.
The Paris-based body, which was created in 1851, represents 224,470 members – divided between creators and publishers – and manages a global repertoire of more than 160 million works, according to its own figures.
The Paris-based body attributed the revenue rise in part to the bounce back of the live music sector after the Covid-19 pandemic, with general royalties rising 18.0% year-on-year to hit $422M (€388M).
Another key factor was a 13.0% rise in digital revenue to $627M (€577M). SACEM noted that it remained “particularly vigilant” about the digital sector and that it had renegotiated key agreements in 2023 with Apple Music, Spotify and Deezer.
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